Latest News:- Adhesive Films Market: Tapes is expected to lead the Application segment during 2024-2028

Adhesive Films Market to grow at a CAGR of 6% during 2024-2028

The Adhesive Films Market is expected to grow at a CAGR of 6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7617.6 million. In the labeling industry, the utilization of release liner-based labels generates significant waste due to the inclusion of a release liner, which constitutes approximately 40% of the label material. Linerless labels, an alternative to traditional labels, are pressure-sensitive adhesive (PSA) labels that eliminate the need for a release liner or backing paper. These labels feature a release coating on their front face and an adhesive film on the backside. The release coating prevents the label from sticking when rolled, while the adhesive film ensures excellent bonding and stability. The absence of a release liner in linerless labels significantly reduces waste production in the labeling process. 

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The Tapes subsegment is expected to dominate the Application segment during the forecast period 

Technavio analysts predict that the Tapes subsegment will lead the Application segment during 2024 and 2028 The Adhesive Films market represents a significant business opportunity, with growing demand driven by various end-use industries. These films offer enhanced functionality, durability, and performance, making them indispensable in sectors such as packaging, automotive, and construction. Key market drivers include increasing consumer preference for convenient and eco-friendly packaging solutions, and advancements in film technology. Companies in this space must focus on innovation, sustainability, and cost competitiveness to remain competitive.

Here are the various ways based on which the market is segmented: 

• Application
  • Tapes
  • Labels
  • Graphics
  • Others
• End-user
  • Packaging
  • Aerospace
  • Electrical and electronics
  • Automotive and transportation
  • Others
• Geography
  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa

Reasons to Purchase the Global Adhesive Films Market Market Research Report by Technavio. What is in it for you?

• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish growth in the automotive industry

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Adhesive Films Market is experiencing significant growth due to the increasing demand for fasteners and self-adhesive tapes in various industries. Solvent cast adhesives are gaining popularity in aerospace applications due to their high bond strength and temperature resistance. Mergers & acquisitions and joint ventures are common strategies adopted by key players to expand their capacity and market share. The Electrical & electronics industry is a major consumer of adhesive films, particularly vinyl films and polymer films, due to their insulating properties. The e-commerce platforms have also fueled the demand for handheld adhesive films used in packaging and labeling. The raw materials used in the production of adhesive films include petroleum-based products like crude oil, polypropylene, melamine resins, and phenolic resins. The fluctuations in commodity prices, especially crude oil, impact the market significantly. High-quality products are essential in consumer durables and beverage industries, leading to the increasing use of adhesive films made from high-performance polymers. The market is expected to continue its growth trajectory, driven by the increasing living standards and the demand for eco-friendly and sustainable adhesive solutions.

Market Research Overview

The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals used in the production of a diverse range of products, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio's market analysis, the market size is determined by the consolidated revenue generated by manufacturers producing high-value-added chemicals for various industries. Factors fueling the expansion of the specialty chemicals market include the increasing preference for specialty adhesives and sealants, driven by the growing demand for these products in various end-use sectors.

The Adhesive Films Market is experiencing significant growth, fueled by the growth in the automotive industry. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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